The Qatar Stock Exchange on Monday fell below 10,300 levels, dragged by insurance, transport, telecom and industrials sectors.
Domestic funds’ net profit booking pressure was seen intensifying as the 20-stock index settled 0.2% lower at 10,296.64 points, amidst heightened trading.
Gulf institutions as well as local and non-Qatari individuals turned net sellers on the market, whose key benchmark is down 0.02% year-to-date.
Market capitalisation saw about QR1bn or 0.16% decline to QR568.41bn mainly owing to microcap segments.
Islamic equities however reported gains vis-à-vis declines in the other indices on the market, where foreign funds were increasingly bullish.
Trade turnover and volumes were on the increase on the bourse, where banking, industrials and telecom sectors together accounted for more than 74% of the total volume.
The Total Return Index was down 0.2% to 18,946.69 points and All Share Index by 0.05% to 3,039.85 points, while Al Rayan Islamic Index (Price) rose 0.13% to 2,321.06 points.
The insurance index shrank 0.86%, telecom (0.64%), transport (0.54%) and industrials (0.45%); whereas real estate gained 1.13%, consumer goods (0.49%) and banks and financial services (0.06%).
About 55% of the traded constituents were in the red with major losers being Qatar Islamic Bank, Commercial Bank, Ahlibank Qatar, Alijarah Holding, Dlala, Qatar Industrial Manufacturing, Qatar Investors Group, Qatar Electricity and Water, Industries Qatar, Ooredoo and Milaha; even as QNB, Salam International Investment, Widam Food, Qatar National Cement, Aamal Company, Gulf International Services, United Development Company and Vodafone Qatar were among the gainers.
Domestic funds’ net profit booking increased considerably to QR27.82mn against QR10.5mn the previous day.
The Gulf institutions turned net sellers to the tune of QR5.63mn compared with net buyers of QR3.11mn on Sunday.
Local retail investors were also net sellers to the extent of QR1.26mn against net buyers of QR1.06mn on November 17.
The Gulf individuals turned net sellers to the tune of QR0.34mn compared with net buyers of QR3.18mn the previous day.
However, non-Qatari institutions’ net buying strengthened substantially to QR33.19mn against QR2.86mn on Sunday.
Non-Qatari individuals’ net buying grew noticeably to QR1.91mn compared to QR0.28mn on November 17.
Total trade volume rose 89% to 72.09mn shares to almost triple value to QR261.98mn on more than doubled transactions to 7,229.
The telecom sector’s trade volume grew almost eight-fold to 13.05mn equities and value more than tripled to QR23.03mn on more than tripled deals to 937.
The transport sector’s trade volume more than quadrupled to 2.42mn stocks and value rose almost five-fold to QR8.8mn on more than tripled transactions to 306.
The industrials’ sector’s trade volume more than tripled to 18.68mn shares and value also more than tripled to QR36.64mn on more than doubled deals to 1,542.
The banks and financial services sector’s trade volume soared 55% to 21.95mn equities and value more than tripled to QR146.73mn on more than doubled transactions to 2,856.
The consumer goods sector reported 52% surge in trade volume to 4.05mn stocks and 77% in value to QR28.81mn on more than doubled deals to 947.
The insurance’s sector’s trade volume was up 3% to 1.63mn shares, while value declined 10% to QR4.2mn despite 82% higher transactions at 206.
However, the real estate sector saw 15% shrinkage in trade volume to 10.3mn equities, while value shot up 32% to QR13.73mn and deals by 25% to 435.
In the debt market, there was no trading of treasury bills and sovereign bonds.
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